Senator Bernie Sanders introduces the American AI Sovereign Wealth Fund Act, proposing a 50% stock tax on AI companies to create a $7 trillion fund paying

Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country’s largest artificial intelligence companies.

The Vermont senator wants to create an AI sovereign wealth fund—with an annual public payout.

The stake would be acquired through a tax on AI companies, paid through the issuing of new stock.